Europe Silicone Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Silicone Market Analysis
The Europe Silicone market is anticipated to register a CAGR of over 5% during the forecast period. During the COVID-19 outbreak, the Silicone market had a negative impact. The cross-country lockdowns, strict social separating standards, and disturbance in the inventory network hampered the European silicone market. Numerous production lines and ventures were closed down, influencing the interest in silicone. However, as people's awareness of health and cleanliness grew, there was an increased demand for silicone from the healthcare, personal care, and consumer products industries. The silicone market recovered from the pandemic and is growing significantly.
- Over the short term, high demand for lightweight silicones in the transportation and vehicle industries and increased application in the healthcare industry are projected to fuel the market growth throughout the forecast period.
- However, silicone's negative health impact and fluctuating raw materials are expected to hamper the market growth over the forecast period.
- Nevertheless, increasing exposure and implementation of liquid silicon rubber in manufacturing will likely create lucrative delivery opportunities for the Europe silicone market over the forecast period.
Europe Silicone Market Trends
This section covers the major market trends shaping the Europe Silicone Market according to our research experts:
Increasing Application in Industrial Processes
- The main applications of silicones in the industrial processes sector are anti-foaming agents, industrial coatings, hydraulic fluids and lubricants, RTV (Room-Temperature-Vulcanizing) sealants, molds, and polymer additives.
- Silicones are frequently utilized in the oil and gas industry, particularly in offshore drilling, where managing foam and waste is critical due to space and weight constraints. Silicones allow gas trapped in drilling mud to escape. Anti-foaming agents utilize less energy and chemicals while raising production rates because the foam's presence slows the process and necessitates time for maintenance activities.
- Silicone is also widely utilized in industrial coatings such as anti-corrosion, chemical-resistant, and heat-resistant coatings used on bridges and tunnels. Coatings on structures utilized in the oil and gas (including refineries), power, and other industries are also included.
- As a result, the expansion of the European oil and gas industry is expected to boost the demand for silicone. For example, crude oil accounted for 62% of European imports of energy products in 2021, followed by natural gas in gaseous form (25%). Tweet Russia continued to be European's leading supplier of natural gas and petroleum products in 2021.
- According to British Petroleum (BP) statistics, Russia is the top largest consumer of oil in Europe, totaling 3.4 million barrels per day in 2021. Germany stood second with oil consumption of 2.04 million barrels per day in 2021.
- Russia is a significant economy in the European region in the oil and gas sector. According to the Russian Federation's Ministry of Finance, oil and gas earnings provided around RUB 9.06 trillion (USD 142.51 billion) to Russia's federal budget in 2021, a 73% increase over the previous year.
- Germany also accounted for a substantial share of the oil and gas sector. According to Statistisches Bundesamt, crude oil imports to Germany were worth EUR 33.9 billion (USD 35.56 billion) in 2021, while natural gas imports were worth roughly EUR 39 billion (USD 40.91 billion).
- The number of offshore drilling rigs gradually increased over the years. It, along with new contract awards and an increase in European production activities, led to the demand for offshore exploration equipment, supporting the recent growth of the water treatment chemicals market, including silicone-based anti-foaming agents.
- All the above factors are expected to drive the industrial processes, impacting the silicone demand during the forecast period.
Germany is Anticipated to Hold a Major Share of Europe
- Europe's silicone market is one of the leading, accounting for one-third share. The growing demand in Germany is one of the prominent reasons for the growth of the Europe silicone market over the years.
- Semiconductors form a significant part of the electronics segment, involving silicone usage as silicone encapsulates, coats, and adheres to and protects semiconductors, PCBs, ECUs, and others.
- Germany is the beating center of the European semiconductor sector, ranking among the top semiconductor manufacturing locations in the world. The country includes an unrivaled concentration of world-class device makers and suppliers for materials, components, and equipment across the entire value chain. The government invested up to EUR 50 billion (USD 52.45 billion) to secure Germany's position as a central semiconductor manufacturing location in 2021, thereby increasing the demand for the studied market.
- Germany is a maritime country with a coastline of nearly 12,000 km and several big ports. Several big companies dominate the country's shipbuilding industry, including the Meyer Shipyard in Papenburg, the L眉rssen Shipyard in Bremen, and the Fassmer Shipyard in Berne. GERMAN NAVAL YARDS Holdings is a wholly owned subsidiary of PRIVINVEST and a member of the European shipyard alliance. The group includes, among others, the French naval shipyard Constructions M茅chaniques de Normandie (CMN) and Isherwood's, a provider of integrated logistics support and maintenance management systems from the United Kingdom.
- Moreover, Germany is one of the largest consumers of electronics. According to European Information Technology Observatory (EITO), in Germany, the revenue development in the consumer electronics segment in Germany amounted to EUR 8.9 billion (USD 9.33 billion) in 2021, compared to EUR 9.3 billion (USD 9.92 billion) in 2020.
- Furthermore, Germany is an automotive manufacturing hub, registering a significant production share. According to the Central Committee of German Catholics (German: Zentralkomitee der Deutschen Katholiken, ZdK), the German automotive industry generated EUR 57.4 billion (USD 60.21 billion) in revenue from new car sales in 2021.
- Thus, all the above factors will likely provide the increasing demand for the Europe silicone market during the forecast period.
Europe Silicone Industry Overview
The Europe Silicone market is consolidated in nature. Some of the major manufacturers in the market include Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Momentive Performance Materials Inc., and Evonik Industries AG, among others (in no particular order).
Europe Silicone Market Leaders
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Elkem Silicones
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Dow Chemical Company
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Wacker Chemie AG
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Momentive Performance Materials Inc.
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Evonik Industries AG
*Disclaimer: Major Players sorted in no particular order
Europe Silicone Market News
- October 2022: Dow launched SILASTIC LCF 9600 M Textile Printing Ink Base, a patented silicone ink used for printing on synthetic and cotton fabrics, particularly highly elastic garments. The patented SILASTIC LCF 9600 M, designed for an increased matte effect and improved hand feel, offers excellent wash durability and high elongation. SILASTIC LCF 9600 M also allows for safer textile development due to its ability to be formulated without the use of PVC, phthalates, solvents, organotins, or formaldehyde.
- October 2021: Elkem, a leading pioneer in innovative silicon-based materials, announced a strategic investment strategy to increase specialist silicone supply for European clients. The business spent approximately EUR 36 million (USD 37.76 million) upgrading and debottling its silicone upstream factory in Roussillon, France.
Europe Silicone Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 High demand for Lightweight Silicones in the Transportation and Vehicle Industries
4.1.2 Increased Application in the Healthcare Industry
4.2 Restraints
4.2.1 Silicone's Negative Health Impact
4.2.2 Fluctuating Raw Materials
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Technology
5.1.1 Elastomer
5.1.2 Paper
5.2 End-User Industry
5.2.1 Transportation
5.2.2 Construction Materials
5.2.3 Electronics
5.2.4 Healthcare
5.2.5 Industrial Processes
5.2.6 Personal Care and Consumer Products
5.2.7 Other End-user Industry
5.3 Country
5.3.1 Germany
5.3.2 United Kingdom
5.3.3 France
5.3.4 Italy
5.3.5 Russia
5.3.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AB Specialty Silicones
6.4.2 ACSIC Ingredients
6.4.3 Chengdu Silike Technology Co., Ltd
6.4.4 Dow Chemical Company
6.4.5 DuPont
6.4.6 Elkem Silicones
6.4.7 Evonik Industries AG
6.4.8 Momentive Performance Materials Inc.
6.4.9 Shin-Etsu Chemical Co., Ltd
6.4.10 SILCOLORS
6.4.11 Silteq Ltd, Avient
6.4.12 Wacker Chemie AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Potential for Liquid Silicon Rubber in Manufacturing
Europe Silicone Industry Segmentation
A silicone, often known as polysiloxane, is a polymer composed of siloxane (-R2Si-O-SiR2-, where R = organic group). Typically, they are colorless oils or rubber-like compounds. Silicones are used in various applications, including sealants, adhesives, lubricants, medicine, cooking utensils, thermal insulation, and electrical insulation. All standards are silicone oil, silicone grease, silicone rubber, silicone resin, and silicone caulk. The silicone market is segmented by technology, end-user, and geography. By technology type, the market is segmented into elastomers and fluids. By end-user, the market is segmented into transportation, construction materials, electronics, healthcare, industrial processes, personal care and consumer products, and other end-user industry. The report also covers the market sizes and forecasts for the silicone market in 5 countries across significant regions. For each segment, the market sizing and forecasts have been done based on volume (kilotons).
| Technology | |
| Elastomer | |
| Paper |
| End-User Industry | |
| Transportation | |
| Construction Materials | |
| Electronics | |
| Healthcare | |
| Industrial Processes | |
| Personal Care and Consumer Products | |
| Other End-user Industry |
| Country | |
| Germany | |
| United Kingdom | |
| France | |
| Italy | |
| Russia | |
| Rest of Europe |
Europe Silicone Market Research FAQs
What is the current Europe Silicone Market size?
The Europe Silicone Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Europe Silicone Market?
Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Momentive Performance Materials Inc. and Evonik Industries AG are the major companies operating in the Europe Silicone Market.
What years does this Europe Silicone Market cover?
The report covers the Europe Silicone Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Silicone Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Silicone Industry Report
Statistics for the 2024 Europe Silicone market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Europe Silicone analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
